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- LoopNet Team
1226 Berthe
Panama City, FL 32404
WALLACE ROAD AT KATHERINE AVE, & E. PARK ROAD · Land For Sale
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3.34 AC
INVESTMENT HIGHLIGHTS
- X-flood zone with relatively level topography.
- Wallace Rd. travels back to the west for about six blocks to its' intersection with Business Highway 98.
- All utilities and fire hydrants available on the fronting roads.
- All of the fronting roads are two lane, asphalt paved residential feeder roads.
- Located in the city limits of Callaway, under the jurisdiction of Callaway Police and Fire departments.
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 3.34 AC |
| Property Subtype | Commercial | Cross Streets | Wallace |
| Proposed Use | |||
| Zoning | CLWY21 - 1/2 Commercial, 1/2 Residential R-9 | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 3.34 AC |
| Cross Streets | Wallace |
| Zoning | CLWY21 - 1/2 Commercial, 1/2 Residential R-9 |
DESCRIPTION
Significantly reduced in both price and on-site vegetation. **Lots 1-2 only - Lots 9-10 have sold** Assessed in the Bay County Property Appraisers office for approximately 3.34 acres and best suited for low-to-medium density residential development as single- or multi-family residential units, Lots 1-2 are located in a growing bedroom community where housing is in high demand due to nearby major employers, Tyndall AF Base, and Eastern Shipbuilding, this ~3.34-acre commercial/residential parcel offers incredible options for development. According to the Bay County GIS, the lots are in the X-flood zone and are relatively level, with only a one to two-foot elevation change, and consist of approximately 330 feet on the south side of Wallace Road, 400 feet on the west side of Berthe Avenue, and 415 feet on the east side of E. Park Avenue. The fronting roads are two-lane, asphalt-paved residential feeder roads with utilities (electricity, telecom services, water, and sewer) available and are located within the city limits of Callaway, less than a mile from Highway 98 and less than a half-mile from the waters of East Bay, Callaway Bayou, and Emmons Bayou. The property falls under the jurisdiction of Callaway Fire and Police, with nearby fire hydrants on the fronting roads. Based on the City of Callaway Zoning Maps, the lot half fronting Wallace Rd appears to be zoned Commercial, with the remaining half zoned Residential R-9. At the same time, the singular commercial coloring on the Future Land Use Map shows the potential for the property to be all commercial. (Buyer is encouraged to review the maps and verify with the City of Callaway based on their intended use). Parcel l.D. No. 07236-000-000 Lots One ( 1) and Two (2), block A of a Subdivision entitled EAST-BAY-PARK, and lying in the East half of Section Nineteen (19) TWP.4S.RNG.13 West, recorded in Plat Book Eight (8), Page Ten (l0) of the Public Records of Bay County, Florida.
PROPERTY TAXES
| Parcel Number | 07236-000-000 | Improvements Assessment | $0 |
| Land Assessment | $156,370 | Total Assessment | $156,370 |
PROPERTY TAXES
